Outcome of Board Meeting of the Company held on today, the 29th May, 2026
INCREDIBLE · price
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Incredible Industries Ltd, an iron and steel products company, held its board meeting on May 29, 2026, and approved the audited financial results for the quarter and year ended March 31, 2026. Total income for FY2026 was Rs. 8,407.44 Lacs, up 11.1% from Rs. 7,569.11 Lacs in the previous year. Profit before tax increased 25.5% to Rs. 166.14 Lacs, but net profit after tax declined 7.8% to Rs. 115.16 Lacs compared to Rs. 124.87 Lacs in FY2025. Basic and diluted EPS stood at Rs. 2.54 per share (vs Rs. 2.70 in FY2025). The Board did not recommend any dividend for shareholders. The statutory auditor issued an unmodified opinion on the financial statements. The company is investing in an SMS project and rolling mill upgradation at its Durgapur facility, expected to complete in FY2026-27.
Despite revenue growth, the decline in net profit and EPS suggests increased costs or tax impacts affected profitability. No dividend may disappoint income-focused investors, though the ongoing capital expansion could support future growth.